Data Management Insight ESG & Sustainability The latest content from across the platform
Financial Institutions Experiencing D&I Data Shortcomings
A leading British specialist provider of diversity and inclusion (D&I) data has warned that financial institutions are failing to use available information to heal social divisions. The comments came after the UK financial regulator published a damning condemnation of efforts by the nation’s businesses to address D&I in their workplaces. While Anders Rodenberg, chief executive…
2023 is the Year for Tackling ESG Data, Frameworks, and Compliance – from Front-to-Back
By Janine Hofer-Wittwer, CFA, Senior Product Manager, Financial Information, SIX. The role of data in financial markets is constantly evolving. However, ESG data is currently underrated and undervalued in terms of strategic importance and the future of finance. Earlier this year, we saw new requirements come into force under MiFID II for banks and investment…
Persefoni Boss Mohin Chosen to Sit on FCA’s ESG Advisory Board
Tim Mohin, chief executive of data provider Persefoni, is among the sustainability-linked financial figures selected to help shape the UK’s regulatory response to ESG issues. The former Global Reporting Initiative chief will be joined by five other executives on the Financial Conduct Authority’s ESG Advisory Board. They include Harald Walkate, senior fellow at the Center for…
Quality and Access the Main ESG Data Concerns of US Listed firms: Deloitte
Data quality and completeness top the concerns of US listed companies as they beef up their ESG capabilities following the Securities and Exchange Commission’s announcement this year that it would require sustainability disclosures, a Deloitte survey has found. Quality was cited by 35 per cent of surveyed executives as their chief challenge, while 25 per…
Planet, Accenture Tie-Up to Offer Supply Chain, Climate Risk Insights
Environment-monitoring satellite imagery firm Planet has teamed with IT giant Accenture to provide industries, including financial services, with AI-powered geospatial data tools. The combination of Planet’s high-frequency imagery data captured by its fleet of about 200 satellites and Accenture’s analytics is hoped to provide clients with deep insights into supply-chain and climate risks.
SFDR Ready to Take the Fizz Out of New Year For ESG Compliance Teams
New Year celebrations are unlikely to last long for Europe’s fund and asset managers; at the stroke of midnight when party poppers are pulled and prosecco corks are popped, regulations that force funds to disclose the ESG performance of their investments will suddenly become tougher. The European Union’s Sustainable Finance Disclosure Regulation (SFDR) will step…
RegTech Can Help Solve ESG Data Management and Trust Challenges
As demand for data grows with the acceptance of ESG as a critical part of financial institutions’ business and regulatory activities, focus will intensify on the quality of that information. Asset managers and owners will want the cleanest, most relevant and most comprehensive datasets to identify investment opportunities and risks and to comply with the…
Asset and Wealth Managers Demand Different ESG Data, SIX Survey Finds
Asset managers and wealth managers have divergent data needs for ESG investing, a new survey suggests. While asset managers want access to better and more varied granular data, their wealth-focused counterparts prefer packaged ratings, the survey by Swiss financial services company SIX found. At the same time, both expressed frustration at the shortage of information…
Fitch ESG Unit Expand Ratings on Covered and Structured Bonds
Sustainable Fitch has begun providing ESG ratings for labelled structured and covered bonds with an issuance value of US$100 billion. The metrics are the latest additions to Fitch Sustainable’s ESG Ratings, Data and Analysis unit, which has been offering data on $500bn of labelled and KPI-linked debt.
FCA Urges Refocus of Diversity Data, Reveals ESG Ratings Code Plan
The UK’s financial overseer has urged firms to review their use of data to improve their diversity and inclusion performance. Sheldon Mills, the Financial Conduct Authority’s (FCA) executive director for consumers and competition said firms are focusing too closely on gender and diversity, rather than socio-economic data. The call follows the FCA’s announcement that it…